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TradeOut.com introduces auto exchange

Published on September 15, 2000.

Valhalla, N.Y.--TradeOut.com, a global online surplus inventory exchange, has started an e-hub aimed at auto dealers. Vehicles from GE Capital's Auto Financial Services division will be listed on the site (www.tradeoutauto.com). ``As TradeOutAuto.com develops a robust auto exchange, we view them as a new, exciting, incremental channel to help us sell our off-lease vehicles on the Internet,'' John Haines, VP-remarketing, GE Capital Auto Financial Services, said in a statement. Earlier this year, GE Capital made an equity investment in TradeOut.com. The amount was not disclosed.